Vatican Bank Director and Deputy Resign

:::BREAKING NEWS:::

(VATICAN CITY, ROME) —  The director of the embattled Vatican bank and his deputy resigned Monday following the latest developments in a broadening finance scandal that has already landed one Vatican monsignor in prison and added urgency to Pope Francis’ reform efforts.

The Vatican said in a statement that Paolo Cipriani and his deputy, Massimo Tulli, stepped down “in the [so-called] best interest of the institute and the Holy See.”

“The late Archbishop Paul Marcinkus, an American prelate who headed the Vatican bank at the time, was charged as an accessory to fraudulent bankruptcy in the scandal, but Italy’s Constitutional Court eventually backed the Vatican in ruling that under Vatican-Italian treaties Marcinkus had immunity from Italian prosecution. Marcinkus long asserted his innocence and died in 2006.”

Read more:
http://business.time.com/2013/07/01/vatican-bank-director-deputy-resign-amid-scandal/#ixzz2Xp8AccDn

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